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Old 08-24-2009, 10:15 AM
KTP KTP is offline
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Sorry Joan, but I don't think you are correct this time.

See the definition of "Wealth Tax":

Wealth tax - Wikipedia, the free encyclopedia

Several countries (France, Switzerland, India) tax the accumulted net worth of an individual each year. Granted, it is not a huge tax percentage...seems to be around 1% or so. Still, this is a tax on money and assets that have already been taxed, not an effort to find tax evading people (that activity is already illegal and there would not be a need to "enact" anything to legally go after them).

I think the blog or article was saying, "Would the US ever go this route also?"
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